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Is he a first time buyer??
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confusedfirsttimebuyer
Posts: 6 Forumite
Hi,
i'm looking to buy with my boyfriend. i'm a first time buyer, he signed up to SOMETHING a few years ago where he pays towards his mums mortgage (hopefully we will get confirmation soon im aware this is important to know). I've heard the words home owner loan and remortgage but no one has said exactly what it was yet. It will be paid off end of July. They've called the land registry and hes not named on there as a owner or part owner.
Its the family home he grew up in so hes nothing to do with the initial sale.
Is he classed as a first time buyer still? e.g. eligible for stamp duty discount and government saving schemes.
Thanks,
i'm looking to buy with my boyfriend. i'm a first time buyer, he signed up to SOMETHING a few years ago where he pays towards his mums mortgage (hopefully we will get confirmation soon im aware this is important to know). I've heard the words home owner loan and remortgage but no one has said exactly what it was yet. It will be paid off end of July. They've called the land registry and hes not named on there as a owner or part owner.
Its the family home he grew up in so hes nothing to do with the initial sale.
Is he classed as a first time buyer still? e.g. eligible for stamp duty discount and government saving schemes.
Thanks,
0
Comments
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If he is not an owner he is a first time buyer for SDLT.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
I should!!!8217;ve said we!!!8217;ve been to the bank and mortgage broke boTh who said they weren!!!8217;t sure but dont think he!!!8217;s will be classed as a first time buyer0
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Speak to a solicitor, I thought I was a ftb as not named on house deeds, but that wasn't the case and I've lost my ftb status, different scenario but name on the deed doesn't necessarily tell the whole story!0
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